Loras Holding A.S. Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	558.38	143.51	755.46	862.89	485.9
Short-Term Investments	251.58	290.25	326.23	24.23	-
Cash & Short-Term Investments	809.96	433.76	1,082	887.12	485.9
Cash Growth	86.73%	-59.90%	21.93%	82.57%	129.23%
Accounts Receivable	1,259	946.29	280.18	301.34	152.14
Other Receivables	82.99	43.78	34.19	21.41	9.29
Receivables	1,342	990.07	314.38	322.75	161.44
Inventory	6,859	5,551	4,821	3,326	856.57
Prepaid Expenses	58.78	23.71	11.95	12.43	3.18
Other Current Assets	984.68	1,355	726.63	367.25	76.87
Total Current Assets	10,055	8,354	6,956	4,916	1,584
Property, Plant & Equipment	4,820	4,779	1,877	1,804	535.42
Long-Term Investments	186.26	146.74	124.69	74.76	94.19
Other Intangible Assets	81.77	113.06	90.99	56.26	14.86
Long-Term Accounts Receivable	-	24.33	-	1.91	2.21
Long-Term Deferred Tax Assets	47.82	164.87	418.34	78.39	43.26
Other Long-Term Assets	18,220	17,723	13,650	6,068	1,732
Total Assets	33,411	31,306	23,116	12,999	4,006
Accounts Payable	1,255	1,072	949.8	417.46	168.78
Accrued Expenses	132.88	104.65	60.89	44.65	27.89
Short-Term Debt	646.21	238.9	323.48	181.56	124.4
Current Portion of Long-Term Debt	107.33	25.7	195.39	293.19	168.98
Current Portion of Leases	436.06	120.17	74.11	-	10.44
Current Income Taxes Payable	61.43	28.59	107.96	14.11	0.01
Current Unearned Revenue	1,494	1,579	898.14	345.09	116.27
Other Current Liabilities	133.95	159.12	83.25	97.33	101.79
Total Current Liabilities	4,266	3,328	2,693	1,393	718.56
Long-Term Debt	44.62	-	34.58	185.21	212.45
Long-Term Leases	339.28	464.37	207.52	5.26	16.71
Long-Term Unearned Revenue	340.01	373.08	153.78	45.73	27.28
Pension & Post-Retirement Benefits	77.36	67.88	47.52	65.42	10.65
Long-Term Deferred Tax Liabilities	4,065	2,914	2,327	1,596	337.12
Other Long-Term Liabilities	-	-	-	1.66	1.97
Total Liabilities	9,132	7,147	5,464	3,292	1,325
Common Stock	768	768	384	384	384
Additional Paid-In Capital	496.96	525.7	379.79	377.78	83.22
Retained Earnings	1,633	2,175	337.03	-1,005	22.74
Treasury Stock	-2.68	-2.68	-2.05	-1.42	-0.35
Comprehensive Income & Other	3,882	3,971	3,034	2,067	362.64
Total Common Equity	6,777	7,438	4,133	1,823	852.24
Minority Interest	17,501	16,721	13,520	7,884	1,829
Shareholders' Equity	24,278	24,159	17,653	9,707	2,681
Total Liabilities & Equity	33,411	31,306	23,116	12,999	4,006
Total Debt	1,573	849.14	835.08	665.23	532.98
Net Cash (Debt)	-763.54	-415.38	246.61	221.89	-47.08
Net Cash Growth	-	-	11.14%	-	-
Net Cash Per Share	-0.99	-0.54	0.64	0.58	-0.12
Filing Date Shares Outstanding	768	768	384	384	384
Total Common Shares Outstanding	768	768	384	384	384
Working Capital	5,788	5,026	4,263	3,523	865.4
Book Value Per Share	8.82	9.68	10.76	4.75	2.22
Tangible Book Value	6,696	7,325	4,042	1,767	837.38
Tangible Book Value Per Share	8.72	9.54	10.53	4.60	2.18
Land	1,540	1,485	438.14	821.58	347.1
Buildings	1,292	1,371	603.45	521.63	131.1
Machinery	1,843	2,751	1,729	1,078	126.47
Construction In Progress	656.12	790.34	235.76	48.93	0.01
Leasehold Improvements	48.74	48.74	30.74	10.09	2.54

Source: S&P Global Market Intelligence. Standard template. Financial Sources.